This property looks like a bad Mid-Term investment with a projected -14.98% first-year return on $297k initial cash invested.
-14.98%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$7,626
Rent
-$3,714
Cashflow
Cash Flow
$7,626 income − $11,340 expenses = $3,714 out of pocket
Investment Breakdown
|
Purchase Price
$1331k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$266k
Closing costs
1%
$13,309
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,626
Total Expenses
$11,340
Mortgage P&I
90%
$6,865
Property Taxes
18%
$1,394
Home Insurance
6%
$488
HOA
0%
$0
Property Management
12%
$915
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$839